Two fund groups merge

Berdon Fund Services, a wholly owned subsidiary of Manhattan-based Berdon, and Concept Fund Services in Garden City have merged. The combined entity will operate as Concept Fund Services, a division of Berdon.

Anthony Gallo, founder and CEO of Concept Fund Services, joined Berdon as a principal and chair of the fund services practice. He and his team now operate out of Berdon’s Manhattan and Jericho offices.

With the merger, Berdon’s full-time fund administration team doubled in size to six members.

“Anthony and his team are well-respected within the industry, fit well within our culture, and share a similar service approach, which will help us expand and grow our fund services practice,” Mark Bosswick, co-managing partner of Berdon, said in a statement announcing the merger.

Joining forces with a full-service accounting firm with more than 400 people allows Concept Fund Services to provide a wider array of services to its clients.

“Now, through Berdon, clients will continue to receive the services they expect and, as needed, can also tap into a wide array of additional services, including tax compliance and consulting; retirement, succession, and estate planning; operational advisory; and asset valuation,” Gallo said in the statement.